Imported goods are subject to customs duties and a 15% VAT rate based on their value, which must be paid to Sars.

In a significant move aimed at bolstering local businesses and streamlining the customs process, Sars has increased customs ...

South Africa's textile industry plays a significant role in the country's economy, contributing to job creation, economic ...

The leading associations were instructed to ensure that the Maximum Retail Price (MRP) of edible oils remains stable until ...

India’s import of palm and sunflower oil have increased over 30 percent in volume in the first six months of the year ...

Sri Lanka’s local business community stands to gain from a major revision of the country’s import tax structure, with the ...

RICE imports that are accumulating at Manila ports cannot yet be released as consignees still have to pay the required taxes ...

India plans retaliatory customs duties on EU steel imports due to trade losses, highlighting ongoing trade tensions under WTO ...

In a communication to the World Trade Organisation (WTO), India said that it has proposed suspension of concessions will take the form of an increase in tariffs on selected products originating in the ...

Govt on Friday increased import duty on edible oils by 20% amid domestic industry players flagging that cheaper imports have ...

It also hiked the import duty on refined palm oils, refined sunflower oils and refined soyabean oils to 32.5 per cent from 12 ...

This directive follows a significant increase in BCD on various edible oils, aiming to support local agriculture and ...